CPNG - 2 Dazzling Stocks You'll Regret Not Buying in This Bear Market
Bear markets are painful to experience. If you are reading this, it is likely that you are a lot more nervous about your portfolio in 2022 than you were in 2021. The price declines of the last few quarters have been broad and steep, and investors are extremely pessimistic about the near term with high inflation, rising interest rates, and the threat of war around the globe.
But if you take a longer view over multiple years and decades, now looks like an optimal time to buy stocks, especially growth stocks that have seen huge price drops. Two consumer stocks you should consider now are Coupang (NYSE: CPNG) and Revolve Group (NYSE: RVLV) during the 2022 bear market. Here's why.
Coupang went public in early 2021 in a massive initial public offering (IPO), raising $4.6 billion from investors and debuting at a market cap of $84 billion. However, since then the stock has slid by about 66%. This is a divergence from Coupang's underlying business, which has done quite well over the last few years. It runs the largest e-commerce website in South Korea -- similar to Amazon -- with its market share growing every year since 2017. In 2021, this share was estimated at 15.7% in its home nation.
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2 Dazzling Stocks You'll Regret Not Buying in This Bear Market